Top 10 Best Demat Account Providers (Full Service) in 2017 in India

If you want to invest in stocks or mutual funds or IPOs you would trade them through your full services demat account. There are several stock brokers offering demat and trading account. Some are offering 3-in-1 trading and demat account. Some of them have unique features. Who are the best demat account providers in 2017 offering full services in India? Which is the Best Demat Account in 2017 in India? In this article I would provide Top 5 Stock Brokers offering 3-in-1 Demat and trading account and also 5 Best Demat Account providers offered trading and demat account.

Who are Full Service Stock Brokers in India?

Discount Stock brokers offer demat account with low charges. However they offer only stocks, futures and currency trading. Many of us do not open demat account only for stocks and futures, but also to invest in mutual funds, fixed deposits IPO’s etc., Here comes full Service Stock brokers who offer all these services. Some of the full service stock brokers offer 3-in-1 trading account too.

Who should consider opening these full service demat accounts in India in 2017?

If you are new to the investment world, you can consider opening one of these demat accounts. If you are already existing investor, but do not want to have too many accounts to float, you can consider opening these demat accounts.

To whom these demat accounts may not be useful?

If you are daily trader or trades high volume, these are not for you. Daily traders trade very high volume and even small brokerage can eat away their profits, hence they can stay away from such demat accounts.

Top 5 Best Demat Account Providers in 2017 in India (3-in-1 Account)

There are stock brokers who are offering 3-in-1 account i.e. Demat, Trading and Savings Bank Account. This gives you easy access to your funds to trade and utilize funds when you need.

Top#1 – ICICI Direct – 3-in-1 – I-Secure Plan

ICICI Direct is the subsidiary of ICICI and the largest stock broker offering 3-in-1 demat and trading account. Its features are very simple to use, hence it has become popular stock broker offering demat account in India. Here are the features of this demat account.

Account opening charges – Rs 975

Demat Account Annual Charges – Rs 600

Brokerage charges for Equity Trading – 0.55% of traded amount

Brokerage charges for Equity Intraday – 0.275% of traded amount

Brokerage charges for Equity Futures – 0.05% of traded amount

Brokerage charges for Equity Options– Rs 95 per contract

Brokerage charges for Currency Futures – 0.05% of traded amount

Brokerage charges for Currency Options – Rs 25 per contract

Some of the good features:

It uses trading racer platform which is very fast compared to other platforms and even simple to use.

You can place VTC (Valid Till Cancel) order. This would be useful if you want to sell or buy a stock at fixed price till that reaches irrespective it is today or tomorrow or after 3 months.

Free stock recommendations from their advisory board.

Top#2 – HDFC Securities – Online Trading Account

HDFC Securities is the subsidiary of HDFC and which is one of the leading stock broker to offer 3-in-1 trading and demat account.

Here are the features of this demat account.

Account opening charges – Rs 999

Demat Account Annual Charges – Rs 750

Brokerage charges for Equity trading – 0.5% of traded amount

Brokerage charges for Equity Intraday – 0.1% of traded amount

Brokerage charges for Equity Futures – 0.05% of traded amount

Brokerage charges for Equity Options– Rs 100 per contract

Brokerage charges for Currency Futures – Rs 23 per contract

Brokerage charges for Currency Options – Rs 23 per contract

Some of the good features:

1) Its charges for currency future and currency options are low compared to others. If you trade heavily on currency, you can opt for this demat and trading account.

Conclusion: I opened 3-in-1 account with ICICIDirect almost 15 years back as it provides access to all services like stock trading, futures trading, mutual fund investments, fixed deposits and IPOs. You should consider opening demat account based on your investment style and low brokerage for the investment options which you generally trade.

If you enjoyed this article, share it with your friends and colleagues through Face book and Twitter.

I am new invester in trading even do not know a little bit of stock trading etc but old in MF, sip like investments. Now want to start trading in stock. How to start? Among above mentioned service providrs, which Demat A/c will be good for me? What are the guidelines for safe investmebt for a beginer like me?

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Suresh KP i.e. me, have written 1800+ articles on this Blog. I love doing analysis on various Best Investment Plans like mutual funds, Stocks, IPO’s, NCD Bonds, Insurance products. If you like our blog, you can share some of the good articles on your Facebook or Twitter. This would be the BIGGEST gift which you would be giving to us.